18:47 21 June 2021
InPost announced its intention to issue 6-year bonds worth min. 390 Million Euro
InPost has announced its intention to offer senior notes maturing in 2027 with an aggregate nominal value of at least 390 million, subject to market conditions, the company said.
In mid-May this year, InPost announced that it had signed agreements with banks to establish a Polish bond program up to a total nominal value of PLN 1 billion, which includes series of PLN-denominated bond issues governed by Polish law. The company intended to issue the first series of bonds under the program by the end of July, this year. As reported at the time, the proceeds from the bond issue were to be used to partially repay the bridge loan it intends to take out to finance the acquisition of Mondial Relay.
At the beginning of April, after receiving a unanimous positive opinion from Mondial Relay’s works council, InPost entered into a binding agreement to acquire 100% of shares in the company. At the time, it announced that the transaction would be finalized by the end of Q2 2021, after obtaining regulatory approvals.
In mid-March, InPost announced that it planned to acquire Mondial Relay for about EUR 565 million (ca. PLN 2.6 billion). Mondial Relay, established in 1997, is an e-commerce parcel provider on the European market. It has about 15 800 pick-up and delivery points in France, Benelux and the Iberian Peninsula (as of February 2021).
